HCA Announces Proposed Public Offering of Senior Notes
Key Highlights
- ➤HCA proposes senior notes offering with terms dependent on market conditions
- ➤Proceeds may redeem $1.200 billion of 4.500% notes due February 2027
- ➤Proceeds may repay borrowings under HCA’s $8.000 billion commercial paper program
- ➤Proceeds may repay borrowings under HCA’s senior unsecured credit facility
HCA Healthcare, Inc. (NYSE: HCA) today announced that its wholly owned subsidiary, HCA Inc., proposes to offer senior notes, subject to market and other considerations. Actual terms of the senior notes, including maturity, interest rate and principal amount, will depend on market conditions at the time of pricing. HCA Inc. intends to use the net proceeds from this offering for general corporate purposes, which may include the redemption of all or a portion of the $1.200 billion outstanding aggregate principal amount of its 4.500% senior notes due February 2027, the repayment of outstanding borrowings under its $8.000 billion commercial paper program and the repayment of any outstanding borrowings under its senior unsecured credit facility.
Mizuho Securities USA LLC, Barclays Capital Inc., BofA Securities, Inc., and Wells Fargo Securities, LLC are acting as the joint book-running managers for the offering.
Get started
Create a free account to read the full story.